$725,000
SOLD JUN 30, 2025

8644 Terraceview Ln N Osseo, MN 55311

4 Beds
2.5 Baths
2,781 Sq Ft
0.47 Acres

Recently Sold

$261 Per Sq Ft

12 Days on Market

Highlights

  • 160 Feet of Waterfront
  • Lake View
  • 1 Fireplace
  • Fernbrook Elementary School Rated A-
  • Deck
  • Great Room

About This Home

As of June 2025

Fantastic opportunity to experience lakeshore living! This home is nestled on a serene, nearly half-acre lot and offers a private dock - perfect for fishing, boating, canoeing, and winter skating. Rice Lake is Maple Grove’s largest lake that offers a wildlife sanctuary and exclusive Rice Lake Area Association member only boat launch! Plus, this highly sought after Shadow Creek neighborhood is perfectly situated with easy access to scenic neighborhood and city trails, including a pedestrian-friendly underpass connecting to the extensive Three Rivers Park trail system. The open floor plan features a great room with a wall of windows that invites natural light and scenic views indoors. The kitchen offers white cabinetry and seamlessly connects to a spacious dinette and formal dining room, ideal for gatherings and entertaining. An office with extraordinary lake views provides a quiet and inspiring workspace. Four spacious bedrooms all on one level. The lower-level walk-out is framed and ready for your personal touch, offering approximately a future 4,200 square ft home! Attention to detail is evident throughout, from the dramatic racetrack ceilings and wood crown moldings to French doors and solid wood flooring. Recent updates include a new roof, hot water heater, and air conditioner. Impeccably maintained inside and out, this property presents a rare opportunity to enjoy lakeshore living in Maple Grove with exceptional privacy and natural beauty.

Last Agent to Sell the Property

Carrie Schmitz

Keller Williams Classic Rlty NW Brokerage Phone: 763-227-1405 Listed on: 05/15/2025

Keller Williams Classic Rlty NW

Last Buyer's Agent

Pamela Kerber

Keller Williams Realty Integrity

Keller Williams Realty Integrity

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,467

Year Built

  • Built in 1993

Lot Details

  • 0.47 Acre Lot
  • Lot Dimensions are 85x290x115x68x268
  • 160 Feet of Waterfront
  • Lake Front

Parking

  • 3 Car Attached Garage
  • Garage Door Opener

Interior Spaces

  • 2,781 Sq Ft Home
  • 2-Story Property
  • 1 Fireplace
  • Great Room
  • Living Room
  • Dining Room
  • Home Office
  • Lake Views

Kitchen

  • Range
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal
  • The kitchen features windows

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Drain

Outdoor Features

  • Deck

Utilities

  • Forced Air Heating and Cooling System
  • Humidifier

Community Details

  • No Home Owners Association
  • Shadow Creek 6Th Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1611922330050

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,467

Year Built

Built in 1993

Lot Details

0

Parking

3

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 3
  • Accessibility Features: None
  • Fireplaces: 1
  • Water Source: City Water/Connected
  • Year Built: 1993
  • Above Grade Finished Sq Ft: 2781
  • Water Body Name: Rice Lake (Maple Grove)
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Attribution Contact: 763-227-1405
  • Attribution Contact: 763-227-1405
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Drain Tiled, Full, Unfinished, Walkout
  • Appliances: Dishwasher, Disposal, Dryer, Exhaust Fan, Humidifier, Range, Refrigerator, Stainless Steel Appliances, Washer, Water Softener Owned
  • Fireplace Features: Gas
  • Living Area: 2781
  • Fireplace: Yes
  • Basement YN: Yes
  • Dining Room Type: Great Room, Living Room, Dining Room, Kitchen, Informal Dining Room, Office, Laundry, Bedroom 1, Primary Bathroom, Bedroom 2, Bedroom 3, Bedroom 4, Deck

Beds/Baths

  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4

Exterior Features

  • Roof: Age 8 Years or Less, Asphalt
  • PatioPorchType: Deck
  • Lake Acres: 365
  • LakeChain: N
  • Waterfront Frontage: 160

Garage/Parking

  • Parking Features: Attached Garage, Concrete, Garage Door Opener
  • Garage Square Feet: 792

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Ceiling Fan(s),Deck,Dock,French Doors,Hardwood Floors,Kitchen Center Island,Kitchen Window,Primary Bedroom Walk-In Closet,In-Ground Sprinkler,Tile Floors,Walk-In Closet

Schools

  • Junior High Dist: Osseo
  • SchoolDistrictNumber: 279
  • SchoolDistrictPhone: 763-391-7000

Lot Info

  • Waterfront YN: Yes
  • PropertyAttachedYN: No
  • Lot Size: 85X290X115X68X268
  • Lot Size Sq Ft: 20473.2
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone, Stucco

Tax Info

  • Tax Year: 2025
  • Assessor Parcel Number: 1611922330050
  • Tax Annual Amount: 8467
  • TaxWithAssessments: 8781.0000

Multi Family

  • WaterfrontFeatures: Lake Front, Lake View

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2025
Closed on
Jun 27, 2025
Sold by
Rhee Kyung Wha
Bought by
Sippel Rebecca S and Sippel Torrence D
Seller's Agent
Carrie Schmitz
Keller Williams Classic Rlty NW
Buyer's Agent
Pamela Kerber
Keller Williams Realty Integrity
List Price
$725,000
Sold Price
$725,000
Views
19

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.58%
Original Mortgage
$580,000
Outstanding Balance
$580,000
Interest Rate
6.86%
Mortgage Type
New Conventional
Estimated Equity
$140,657
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $725,000 Legacy Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $580,000 New Conventional
Previous Owner $154,400 New Conventional
Previous Owner $157,000 Stand Alone Second
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2025 06/30/25 Sold $725,000 0.0% $261 / Sq Ft
05/27/2025 05/27/25 Pending -- -- --
05/20/2025 05/20/25 Off Market $725,000 -- --
05/15/2025 05/15/25 For Sale $725,000 -- $261 / Sq Ft
Source: NorthstarMLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $7,797 $615,400 $172,800 $442,600
2022 $6,860 $659,600 $204,400 $455,200
2021 $6,786 $532,700 $158,200 $374,500
2020 $7,079 $520,300 $155,000 $365,300
2019 $6,796 $517,100 $157,300 $359,800
2018 $6,569 $470,700 $125,900 $344,800
2017 $6,632 $431,400 $114,000 $317,400
2016 $6,652 $426,700 $114,000 $312,700
2015 $6,803 $424,900 $123,000 $301,900
2014 -- $383,200 $112,000 $271,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6721298

NorthstarMLS

APN: 16-119-22-33-0050